STOCK & STATION AND REAL ESTATE AGENT – AUCTIONEER

Inverell Market Report 4th April 2017

Cattle: There was a small increase in numbers by 150 to yard 860 with all grades represented. Young cattle and cows made up the majority of the penning. Quality through all categories was mixed, while condition varied from strong store to prime. The usual buyers operated with demand from all sectors high. Dearer trends were a result of the high demand for young cattle to restock and feed. Weaner steers over 200kg to re-stockers were up to 50c/kg dearer in breed specific sales, while breed and quality variations accounted for the large range in prices. Heifer weaners improved by 20c to 40c/kg with the same factors in play. Well finished vealers sold on a firm to slightly dearer market trend. Yearling steers to restock and feed saw strong gains for medium weights to restock while the heavy weight feeders were up to 11c/kg dearer with some of that improvement breed specific. Yearling heifers to restock and feed also sold to a dearer trend. An improved quality penning of well finished heavy trade heifers was also dearer. There were too few well finished heavy grown steers to quote. The well finished grown heifers sold up to 10c/kg dearer with breed again a contributing factor. Cows to re-stockers sold to a cheaper trend with quality a factor. Cows to process sold to a dearer trend averaging 5c to 9c/kg dearer. Local sales G Starr cows 220c/kg 502.5kg $1105.5 * K Goodman aged cow/calf $1380 * K Hunt store cows 212c/kg 450 kg $954.9 Jim Williamson vealer 338.2 c/kg 225kg $760.

Sheep:Numbers increased by 338 to yard 3715 head comprising a mixed quality penning of 2,550 lambs and 1,160 sheep. The usual buyers were in attendance with demand for all categories extremely high with competition between processors fierce throughout. The high demand and competition saw yard records broken in the extra heavy weight lambs, while all classes of trade and heavy weight lambs were significantly dearer. The heavier end of the trade lambs and the export weights were $20 to $30/head dearer and more in places with some weight related price increase also. Records were also broken in the sheep market with the penning comprising a good selection of medium weight ewes and wethers. Market trends were up to $30/head dearer. Once again there were some sales that included an increase in weight. Local sale Jo Harper 19kg ewes bare shorn $116.

Just a reminder that WRM will be consigning weaner cattle to the Inverell weaner sale 27th April in conjunction with Frame Rural and John Mair & Co, for any bookings or inquiries feel free to contact Justin 0428 252404.